Nov 23, 2023 Three ways in which the Future of Payments Report could change UK payments By Simon Treacy Saurabh Gupta In the summer the government commissioned an independent review of the UK payments industry. Now that the report has landed we pick out...
Nov 21, 2023 Recommending consistency: IOSCO finalises its policy recommendations for crypto By Simon Treacy Jamie Johnson The International Organization of Securities Commissions has finalised its 18 policy recommendations for the regulation of crypto and...
Nov 20, 2023 EBA speech draws connection between AI and operational resilience By Raza Naeem Terry Yiangou Simon Treacy Amber Heron +1 more... Show less The European Banking Authority has published a speech by its chair, José Manuel Campa, on operational resilience in EU financial...
Nov 16, 2023 Commission calls for comments on criticality criteria under DORA By Raza Naeem Jimi Piggott-Bader Simon Treacy The European Commission has opened a four-week consultation on two draft delegated acts under the EU’s Digital Operational Resilience Act...
Nov 10, 2023 FCA sets crypto marketing guidance: Did I make myself clear (and fair, and not misleading)? By James Morris Simon Treacy Snapshot:FCA finalises its guidance on cryptoasset marketing to help crypto firms comply with the new regime.FCA expects firms promoting...
Oct 30, 2023 UK updates cryptoasset regulation plans: Government promises legislation in 2024 By Simon Treacy The government has responded to its consultation on a future regulatory regime for cryptoassets. In general the government intends to...
Oct 27, 2023 UK regulators sum up industry views on AI in financial services By Simon Treacy Saurabh Gupta The Bank of England, FCA and PRA have issued a feedback statement in response to their joint discussion paper on artificial intelligence...
Oct 27, 2023 FCA reviews how payments firms stop money mules ahead of Government action plan By Simon Treacy Snapshot:FCA shares findings from review of payment account providers’ systems and controls against money mule activityFirms are...
Oct 25, 2023 FCA warns about common issues with crypto marketing By James Morris Simon Treacy Jamie Johnson The FCA has warned firms about three common issues with their crypto marketing, namely: promotions making claims about the safety,...
Oct 23, 2023 EU case could draw a line between payment services and e-money issuance By Simon Treacy If a payment institution receives funds without a specific payment order and holds these funds for longer than the legal time limit, does...
Oct 11, 2023 FCA shows it means business as it starts to enforce crypto marketing regime By James Morris Simon Treacy Snapshot:FCA issues 146 alerts in first 24 hours of new cryptoasset marketing regimeAlso takes action against prospective approver of...
Oct 11, 2023 Breaking open financial data in the EU By Florian Reul Simon Treacy A draft EU law suggests requiring financial firms to open up access to their customers’ data via new dashboardsFirms would have to join...
Oct 06, 2023 How critical is critical? European Supervisory Authorities issue DORA Technical Advice By Simon Treacy Jamie Johnson DORA, the EU’s regime for operational resilience, imposes obligations on technology firms providing critical services to the financial...
Oct 04, 2023 More MiCAR details: Technical Advice on criteria for “significant” stablecoins By Simon Treacy Jamie Johnson The EU’s incoming regime for cryptoassets includes tougher rules for "significant” stablecoins. Advice from the European Banking...
Sep 28, 2023 EU shows how daunting DORA is by mapping how tech firms support financial services By Raza Naeem Jimi Piggott-Bader Simon Treacy Survey suggests financial firms use a wide range of ICT providers……but rely on a relatively small group to support their most important...
Sep 22, 2023 FCA's final warning for cryptoasset firms By Lauren Hammond James Morris Simon Treacy The FCA has written once again about its concerns about firms’ readiness to comply with the new regime. The FCA expects that the vast...